New Rules Aim To Spark Open Banking Ecosystem In Bahrain

Banks in Bahrain will be made to facilitate third-party access to customer accounts under draft regulations that appear to hew closely to the European Union’s revised Payment Services Directive (PSD2).

The Central Bank of Bahrain (CBB) published the draft rules on Sunday, calling for comments from local financial institutions, as the country seeks to establish itself as the Middle East’s premier fintech hub.

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